Eucatex S.a. Industria E Comercio · BMFBOVESPA:EUCA3

Eucatex S.a. Industria E Comercio — Q2 2011 Earnings Presentation

19 slides from Eucatex S.a. Industria E Comercio's earnings presentation, Aug 9, 2011

  1. Slide 1: 2Q11 Results

    eucater 2Q11 Results August 9, 2011 GO eucatex

  2. Slide 2: 2Q11 Highlights

    2Q11 Highlights Gross Revenue of R$ 278 million, up 14% from R$ 244 million in 2Q10. In 1HY11, this increase was slightly lower, at approximately 13%; Gross Margin remained stable at 30.4% in relation to 2Q10, but grew R$ 9 million or 14% in relation to the previous quarter; EBITDA of R$ 48.4 millio

  3. Slide 3: Fiberboard

    Fiberboard Selected Figures Capacity Utilization  Gross Revenue in 2Q11 – R$ 73.0 million  Market Share in 2Q11 – 45%  Hardboard – 240,000 m³ / year 92% 85% 87% 84%  Wall Partitions and Doors – 1.8 million parts / year  Painting capacity – 50 million m² / year 139 2Q08 2Q09 130 2Q10 2Q11 120 11

  4. Slide 4: T-HDF / MDF

    T-HDF / MDF Selected Figures Capacity Utilization  Gross Revenue in 2Q11 – R$ 34.8 million  Market Share in 2Q11 – 5%  T-HDF/MDF – 275,000 m³ / year Evolution of Capacity Utilization 39% 46% Period % Volume (m³) 139 1 - 12 months 65% 179,000 m³ / year 1Q11 130 2Q11 120 118 114 Breakdown of Costs

  5. Slide 5: MDP

    MDP Selected Figures Capacity Utilization  Gross Revenue in 2Q11 – R$ 70.6 million  Market Share in 2Q11 – 12%  MDP – 430,000 m³ / year 87% 85% 87% 85%  LP Finishing and Lacca – 20 million m² / year  Eucatex’s Coated Products Percentage in 2Q11 – 94% 139  Market’s Coated Products Percentage in

  6. Slide 6: Laminate Flooring

    Laminate Flooring Selected Figures Capacity Utilization  Gross Revenue in 2Q11 – R$ 37.7 million  Market Share in 2Q11 – 39%  Laminate Flooring – 6 million m² / year 69%  New Laminate Flooring Line expected to be launched 63% 35% 44% in 4Q11 139 2Q08 130 2Q09 2Q10 2Q11 120 118 Breakdown of Costs

  7. Slide 7: Paint and Varnish

    Paint and Varnish Selected Figures Capacity Utilization  Gross Revenue in 2Q11 – R$ 49.7 million  Market Share in 2Q11 – 8%  Paint and Varnish – 36 million gallons / year 50% 46% 35% 38% 139 2Q08 2Q09 130 2Q10 2Q11 120 118 114 Breakdown of Costs 110 Sales Volume – Base 100 – 2008 106 104 100 * Eu

  8. Slide 8: Paint and Varnish – Tintometric System E-colors

    Paint and Varnish Tintometric System – E-colors Evolution of E-Colors Equipments (Base 100 - 2009) 173 147 100 2009 2010 2HY11 Sells of E-Colors Paints E-Colors Paints 24% Other Paints 76% 8

  9. Slide 9: Operating Data

    Operating Data Breakdown by Product Breakdown by Segment R$ 277.8 Million R$ 277.8 Million R$ 244.4 Million R$ 244.4 Million 3% 3% 9% Foreign Market 26% MDP 4% Resell 30% 13% T-HDF/MDF Civil Construction 44% Fiberboard 49% Furniture 29% 26% Paint and Varnish Laminate Flooring 20% 18% Other 44% 44% 1

  10. Slide 10: Sustainability – Forests

    Sustainability – Forests Forest Unit – Bofete/SP Average Radius New Forests Planted Salto Botucatu 2007 2008 2009 2010 2Q11 73 farms with eucalyptus plantations, 109 km 38 Km 5,400 ha 4,500 ha 2,040 ha 4,080 ha 805 ha totaling 46,400 hectares Eucatex confirms certification of Green Seal and celebrat

  11. Slide 11: Sustainability – Recycling

    Sustainability – Recycling Total Processing Capacity Volume Processed (tons) Guarantee of sustainability and Corresponding to potential to develop Ton/Year 2009 2010 2Q11 Standing Wood Forests new projects 109,000 101,000 22,800 240,000 ton 2 million / year 1,500 ha ton ton ton Recycled material (fi

  12. Slide 12: Financial Data

    Financial Data Highlights (R$ MM) 2Q11 A.V. % 2Q10 A.V. % Var. (%) 1HY11 A.V. % 1HY10 A.V. % Var. (%) Net Revenue 227.0 100.0% 197.9 100.0% 14.7% 430.8 100.0% 380.8 100.0% 13.1% Cost of Good Sold (158.0) -69.6% (137.7) -69.6% 14.8% (299.9) -69.6% (260.1) -68.3% 15.3% Gross Income 68.9 30.4% 60.2 30.

  13. Slide 13: Capex

    Capex Investments forecast for 2011 New Laminate Flooring Line – Botucatu/SP R$ Million % Capacity Forecast 1Q11 37.3 27% 500,000 m² / month 4Q11 2Q11 37.5 27% Paint Line – Salto/SP Next Quarters 65.2 46% Capacity Forecast Total 140.0 100% 2,4 million m² / month Beginning of 4Q11 BP Press Line – Sal

  14. Slide 14: Debt

    Debt Debt (R$ Million) 1HY11 1HY10 Var. (%) Short Term Debt 87.0 85.4 1.9% Long Term Debt 62.8 79.1 -20.6% Gross Debt 149.9 164.5 -8.9% Cash and Cash Equivalents 3.7 1.5 141.3% Net Debt 146.2 163.0 -10.3% % Short Term Debt 58% 52% 6,2 p.p. Net Casth (Debt)/EBITDA 0.8 1.1 -24.8% Net Debt vs. EBITDA D

  15. Slide 15: Capital Market

    Capital Market Performance: EUCA4 vs. IBOVESPA (Base 100) 330 280 139% 230 180 130 21% 80 Ibovespa Eucatex Ratios Shareholders’ Equity Trends Book Value per Share / Market Value 0.7 1200 1000 Market Cap / EBITDA 3.7 800 R$ Million 600 EV / EBITDA 4.5 400 SE 11.3 200 0 sep/06 dec/08 dec/09 dec/10 jun

  16. Slide 16: Competitive Advantages

    Competitive Advantages Innovation, creativity and unique positioning Strategic Foothold Environmental Responsibility Regional Office Belo Horizonte Regional Office São Paulo Regional Office Bento Gonçalves Partnerships with Big Foreign Companies 16

  17. Slide 17: Competitive Advantages

    Competitive Advantages Guaranteed Sustainability Brand Strength Verticalization Fiberboard and T-HDF MDF and MDP 17

  18. Slide 18: IR Contact

    IR Contact José Antonio G. de Carvalho Executive VP and IRO Sergio Henrique Ribeiro Controller Waneska Bandeira Investor Relations +55 11 3049-2473 ri@eucatex.com.br www.eucatex.com.br/ir 18

  19. Slide 19: Disclaimer

    Disclaimer This presentation includes forward-looking statements concerning the business prospects, projections and operating and financial targets Eucatex S.A. Indústria e Comércio, which are based on the beliefs and assumptions of management and on the information currently available to the compan

Eucatex S.A. Indústria e Comércio — Q2 2011 Earnings Presentation on 6ix